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Dear Sir, Our auditors Chartered Accountants are performing statutory audit of our financial statements.

Please furnish DIRECT to our auditors, the information requested below involving matters as to which you have been engaged and to which you have devoted substantive attention on behalf of the Company in the form of legal consultation or representation. Please provide the information requested below, ta ing into consideration matters that e!isted at (June 30th, 2012) and for the period from that date to the effective date of your response, if it is other than date of reply. Pending or Threatened Litigation Companys response to the issue Expected outcome in financial terms Likelihood of negative/positive outcome in respect of issue

Sr #

Issue at hand

Any action or litigation by "ahore Development Authority #"DA$ against plotting and sale of public utility area. %e&ection of ' (loc s #%ose, )ulip and *old$ by "ahore Development Authority #"DA$ because of the reason that +hasras of the scheme are falling in +hadar notified,*reen Area as per -aster Plan.s provision. Sale of mortgaged plots by the company in contravention of clause no.' of covenant dated/ 01,10,0121 with Sil (an "imited.

"

4.

Any litigation by the parties in respect of not ma ing full payment against purchase of land and its financial impact. Detail of such advances against purchase of land is mentioned below. Particulars &uy 'rom / %ctual Cost Total paid against this land Companys response to the issue Expected outcome in financial terms Likelihood of negative/positive outcome in

#r $

#eller (ame Syed Oan -uhammad, Syed 3asim 4ussain, Syed A bar Ali, Syed Sarfara5 4ussain, Syed 6ahid 4ussain, 7asreen +asuar, Syed )alal 4aider Shamshi, Syed 6ain 4aider Shamshi, Syed %a5a AbbasShamsi , 6ain 8atima Samina +o ab, %obina +o ab, 7ighat +o ab -uhammad A5i5 6afar, %u hsana Aftab, %i5wana >asin

respect of issue

2.

21',92',9:1

02,':9,9:1

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;<,0:1,111

=,0:1,111

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2=,092,;0=

2,111,111

5.

)he nature of other litigations, their e!pected outcome in financial terms and li elihood of negative,positive outcomes in respect of litigations. )he progress of the cases and litigations to date. ?valuation of the li elihood of an unfavorable outcomes and estimates, if one can be made, of the amounts or the range of potential loss.

6. 7.

>our response should be sent to our auditors. An addressed envelope is enclosed for your convenience. Please identify pending or threatened litigations with respect to which you have not yet devoted substantive attention. >ours faithfully,

@mran (hatti Director in!nce

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